Jupiter Topco LLC Purchases New Holdings in Rambus, Inc. $RMBS

Jupiter Topco LLC purchased a new stake in Rambus, Inc. (NASDAQ:RMBS) in the 2nd quarter, HoldingsChannel.com reports. The fund purchased 288,553 shares of the semiconductor company’s stock, valued at approximately $38,296,000.

A number of other large investors have also modified their holdings of RMBS. BlackRock Inc. bought a new stake in Rambus in the 2nd quarter valued at $1,853,645,000. Price T Rowe Associates Inc. MD lifted its holdings in shares of Rambus by 2.7% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 5,385,570 shares of the semiconductor company’s stock worth $494,881,000 after acquiring an additional 140,226 shares during the period. Invesco Ltd. lifted its holdings in shares of Rambus by 70.6% during the 4th quarter. Invesco Ltd. now owns 4,148,653 shares of the semiconductor company’s stock worth $381,220,000 after acquiring an additional 1,716,621 shares during the period. Geode Capital Management LLC boosted its position in shares of Rambus by 3.4% during the 4th quarter. Geode Capital Management LLC now owns 2,842,715 shares of the semiconductor company’s stock valued at $261,256,000 after acquiring an additional 94,214 shares in the last quarter. Finally, EdgePoint Investment Group Inc. boosted its position in shares of Rambus by 38.5% during the 1st quarter. EdgePoint Investment Group Inc. now owns 1,947,742 shares of the semiconductor company’s stock valued at $167,564,000 after acquiring an additional 541,056 shares in the last quarter. 88.54% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Rambus

In other Rambus news, Director Emiko Higashi sold 10,000 shares of the business’s stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $160.50, for a total transaction of $1,605,000.00. Following the completion of the sale, the director directly owned 49,519 shares of the company’s stock, valued at approximately $7,947,799.50. The trade was a 16.80% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Eric B. Stang sold 5,000 shares of the company’s stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $146.00, for a total transaction of $730,000.00. Following the transaction, the director owned 19,218 shares in the company, valued at approximately $2,805,828. The trade was a 20.65% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 20,000 shares of company stock worth $3,185,750 over the last 90 days. Insiders own 0.75% of the company’s stock.

Rambus Price Performance

RMBS stock opened at $91.11 on Friday. The business has a fifty day moving average price of $104.29 and a 200 day moving average price of $112.23. Rambus, Inc. has a fifty-two week low of $70.90 and a fifty-two week high of $174.10. The stock has a market capitalization of $9.88 billion, a price-to-earnings ratio of 41.79 and a beta of 1.88.

Rambus (NASDAQ:RMBS) last released its quarterly earnings results on Monday, July 27th. The semiconductor company reported $0.77 EPS for the quarter, beating the consensus estimate of $0.72 by $0.05. The business had revenue of $207.39 million for the quarter, compared to analysts’ expectations of $199.30 million. Rambus had a net margin of 31.69% and a return on equity of 17.89%. Rambus’s revenue was up 20.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.53 earnings per share. On average, equities analysts expect that Rambus, Inc. will post 2.52 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms recently issued reports on RMBS. Weiss Ratings reissued a “hold (c+)” rating on shares of Rambus in a research report on Friday, June 5th. Glj Research set a $165.00 price objective on Rambus in a report on Tuesday, July 28th. Benchmark reiterated a “buy” rating on shares of Rambus in a research note on Tuesday, July 28th. Finally, Rosenblatt Securities reissued a “buy” rating and issued a $165.00 target price on shares of Rambus in a report on Tuesday, July 28th. Six equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $145.88.

Rambus Profile

Rambus Inc is a technology licensing company specializing in semiconductor and system-level interface solutions. Founded in 1990 by Stanford University researchers Mike Farmwald and Mark Horowitz, Rambus established its headquarters in Sunnyvale, California. The company initially gained prominence by developing high-speed DRAM interface technology and securing a broad patent portfolio covering memory architecture, data signaling and power management innovations.

Today, Rambus licenses its proprietary intellectual property (IP) to semiconductor companies, original equipment manufacturers (OEMs) and system integrators worldwide.